News from FlightGlobal – Page 389
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CAE to buy Tru Simulation’s non-US assets from Textron
Canadian flight training company CAE has agreed to buy Tru Simulation and Training’s non-US assets from US conglomerate Textron for $40 million.
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African airlines face slower recovery from pandemic: IATA
African airlines are proving particularly vulnerable to the devastating impact of the coronavirus pandemic, according to the latest analysis from IATA.
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European airlines to post heaviest net loss of all regions in 2021
European carriers are projected to post the largest losses of any region next year as the already high level of load factors required to breakeven means they cannot cut costs sufficiently to operate profitably.
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IATA optimistic Brexit will not impact air service continuity
IATA is confident network connectivity will not be impacted by the UK’s impending departure from the EU at the end of the year.
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Asia international traffic ‘disproportionately impacted’ at 5% of pre-crisis levels
International traffic in the Asia-Pacific region has been “disproportionately impacted” by the coronavirus pandemic, as a result of what trade body IATA calls “restrictive borders”.
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El Al survival remains in balance as losses top $400m
Israeli flag-carrier El Al has unveiled a pre-tax loss of $148 million for the third quarter alone, after revenues for the period sank by 94% to less than $40 million. El Al’s performance under the weight of the pandemic crisis brings its overall pre-tax losses for the first nine months ...
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Further consolidation in Asia-Pacific ‘highly likely’: IATA
IATA has warned that more airline consolidation in the Asia-Pacific region is “highly likely”, if circumstances remain dire for airlines amid closed borders and a slow restart to international travel. At a regional briefing a day after its virtual annual general meeting, IATA regional vice president for Asia-Pacific Conrad Clifford ...
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Russian government to create United Leasing with GTLK and VEB merger
Russian state leasing company GTLK is to be merged with state investment corporation VEB’s leasing arm to create a single entity. The plan has been disclosed by Russian prime minister Mikhail Mishustin during a 23 November meeting with deputy ministers which discussed the optimisation of development institutions and removal of ...
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Lion A330 excursion prompts new guidance on crew proficiency
Indonesia’s National Transportation Safety Committee (NTSC) has advised the country’s civil aviation body to develop guidelines surrounding proficiency and training exemptions in light of the coronavirus outbreak, following a runway excursion involving a Lion Air Airbus A330-300.
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SIA raises S$500 million from privately placed 10-year bonds
Singapore Airlines has raised S$500 million ($373 million) from a private placement of new 10-year, 3.5% bonds. The offer was launched at S$300 million and upsized to S$500 million, “after a strong appetite was apparent from a select group of private investors”, says the group. Source: Greg Waldron ...
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Mesa will operate 40 CRJ900s for American Airlines
Mesa Air Group, the parent company of Mesa Airlines has signed a new five-year contract with American Airlines to operate 40 Bombardier CRJ900 aircraft for the Fort-Worth-based carrier beginning on 1 January.
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How EASA’s 737 Max requirements differ from the US FAA’s
While the European airworthiness directive to modify the Boeing 737 Max for return-to-service are the same as those issued by the US FAA, some of the operational requirements will differ. The European Union Aviation Safety Agency has invited comments on its proposed directive, which will enable operators of the twinjet ...
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High debt levels will hamper airline recovery: IATA
Airlines face a challenge to recover from the increased debt burden which has resulted from efforts to survive the crisis with the industry not projected to turn cash positive for another year.
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Airline chiefs predict business travel will bounce back
Chief executives of JetBlue, KLM and Lufthansa Group have insisted that corporate travel will rebound once passengers feel comfortable flying again.
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Aegean to operate less than 20% of pre-Covid winter capacity
Aegean Airlines incurred a net loss of €28.3 million ($33.6 million) in the third quarter, and expects to operate less than 20% of the last winter’s capacity in the coming months.
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AirAsia eyes ‘local airline presence’ in IndoChina as domestic markets recover
AirAsia Group is exploring options for an airline presence in IndoChina after narrowing losses in its latest financial results and optimism of strong domestic rebound in the markets it serves. In the group’s financial results for the quarter ended 30 September, AirAsia Group president for airlines Bo Lingam states: ...
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EASA expects to revoke 737 Max grounding in mid-January
Europe’s air safety regulator expects to publish a final airworthiness directive on modification of the Boeing 737 Max in mid-January, which will mark the formal revocation of the grounding order imposed on the twinjet. The European Union Aviation Safety Agency has published, on 24 November, a proposed directive on the ...
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IATA to hold AGM in Boston next June
IATA is to hold its next annual general meeting in Boston in June 2021, the airline trade association has confirmed. The event will be held between 27-29 June 2021 and will be hosted by US carrier JetBlue Airways. Source: Shutterstock It will mark a return to the ...
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Norway extends repayment term for airline state-guarantee scheme
Norway has further extended the terms of a state-backed loan guarantee scheme it has granted its carriers. While Norway’s government earlier this month rejected Norwegian’s request for more state aid – a move the struggling carrier cited as a factor when two of its Irish units filed for financial protection ...
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England to cut mandatory quarantine period in mid-December with new test option
Passengers entering England from countries outside its safe travel corridor programme will from 15 December be able to cut the period for which they have to automatically self-isolate from 14 days if they record a negative coronavirus test five days after arrival.